OIL PRICES: By 2020, low oil prices-expected to remain at or below the $60 per barrel mark-will spur Gulf Cooperation Council countries to diversify their energy mix within the power sector using auctions to subsidize renewable energy projects.SUMMARIZING BDO&'S GLOBAL ENERGY 2020 VISION FOR OIL & GAS In addition, the practice leaders from five countries including Canada have provided regional predictions for the industry in their markets. The global predictions presented in this report are based on research and collective input from BDO&'s Natural Resources leaders around the world. Reflecting on this period of turmoil and transition, BDO&'s Global Natural Resources team is looking towards the future to help oil & gas companies anticipate and plan for the challenges and opportunities ahead. The energy company of the future is one that has successfully figured out how to cut costs, enhance operational efficiencies through digital and technological transformation, and diversify its portfolio to include alternative energy sources. We believe that to prepare for success in 2020 and beyond, oil & gas companies must strive to become “Lean, Green, Digital” machines. It&'s a confluence of trends-not just the new pricing paradigm, but rapid growth in renewables along with accelerating technology advancements-that is reshaping the industry. Ready or not, the global oil & gas industry must contend with an ever-changing ‘normal&'.
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Navigating strategic and operational transformations through tailored guidance on sound financial and risk management practices. Navigating the Challenges in Professional Services Our dedicated Private Equity Practice offer a full spectrum of services to help navigate today’s complex and global business environment. Practical advice to help organizations succeed in a highly competitive environment. Providing clients with the tailored guidance and resources they need to compete domestically and internationally.ĭeep industry experience to help clients navigate challenges at home and abroad. Our partner-led practice group provides an integrated suite of services to help our Indigenous clients. In a market with complex regulatory requirements, BDO’s efficient, tailored approach turns risks into opportunities. Our professionals combine hands-on farm experience with strategic and financial insight.Ĭombining vertical industry alignment with cannabis business services in Canada and internationally.
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